Last Friday on National Review‘s The Corner, Roger Clegg wrote about the 2010 law governing
the financial sector, the Dodd-Frank Act, and the racial “diversity quotas”
that may come into being under a proposed regulation to implement that
legislation:
Today a number of Obama administration
agencies with financial-sector regulatory responsibilities have jointly published
in the Federal Register a proposed “Policy Statement Establishing Joint
Standards for Assessing the Diversity Policies and Practices of Entities
Regulated by the Agencies.” The statement comes as a result of Section 342 of
the Dodd-Frank legislation, which requires these agencies each to “establish an
Office of Minority and Women Inclusion” that, in turn, is to develop diversity
and inclusion standards for workplaces and contracting.
The proposed statement is even worse
than the bill itself, since it aggressively applies not only to the agencies
themselves but also to all those regulated by it, and repeatedly insists on the
use of “metrics” and “percentage[s]“ (i.e., numerical quotas) to ensure
compliance. And while the statute at least cautions that diversity efforts are
to be undertaken “in a manner consistent with the applicable law” . . . there
is no such nod in the proposed statement, nor is there any mention of stopping
or preventing discrimination – the only possible [constitutional] justification
for consideration of race, ethnicity, and sex in hiring, promotion, and
contracting…..To Read More…
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